Can an online retailer break IRS silence?

Utah Software Engineer Mints Physical Bitcoins

“It will put [Overstock] at a competitive edge if‚ and only if‚ the general population starts thinking and using bitcoin‚” Overstock.com CEO Patrick Byrne said. “We’re willing to take the first step and see.” – newsBTC

American online retailer giant put their plan into action. And with just a click away on Jan. 9‚ they started accepting bitcoin for their merchandise and actually  sold  if not than 130‚000 dollars‚ equivalent to more than 140 bitcoins in total according to Mt. Gox price last Jan. 9 at 924$⁄bitcoin.
Public’s well reception on the big leap of the company could settle views of IRS on doing business using bitcoins. Much to their silence comes the growing anticipation of people wanting them to address this issue.

Credit:Forbes

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s